Are you taxed on cash from equity release?

At JW Hinks, one of the more common questions we receive is how cash released from your property is taxed. With properties increasing in value by an average of around £7,000 a year since 1995 – or around £159,000 in total, many retirees are relying on cashing in on their property to fund a comfortable… Read more…

Cash in on your ISA Allowance

As we move firmly out of the old tax year and into the new, now is a great time to start thinking about your Individual Savings Account (ISA). Between now and April 2018, you can pay a maximum of £20,000 into your ISA, which will remain capital gains and income tax-free for life. And with… Read more…

Overhaul the tax system for greater equality

The tax system needs replacing. This was the key finding in a report by the Institute for Public Policy Research (IPPR). The report from the IPPR, a leading progressive think tank, looked into how the current UK tax system appeared to be failing some of the lowest earners, particularly with the arbitrary way that tax… Read more…